Thank you for the opportunity to testify before the committee about the rapid changes unfolding in American journalism and what steps Congress might consider in response.
American journalism has entered a phase of what the economist Joseph Schumpeter called "creative destruction." It is an apt framework in this case because both creative and destructive forces are at work on American journalism simultaneously -- and at a stunning pace.
The America Saving for Personal Investment, Retirement, and Education Act of 2009 ("The ASPIRE Act of 2009")
Purpose of
the Bill
To encourage savings, promote
financial literacy, and expand opportunities for young adults by establishing a
Lifetime Savings Account for every newborn child.
President Barack Obama submitted his first budget request to Congress on Thursday, May 7, 2009. This request follows the initial summary budget request he submitted in February that included only proposed funding levels for federal programs and agencies in aggregate. The detailed budget request includes proposed funding levels for federal programs and agencies in aggregate for the upcoming five to ten fiscal years, and specific fiscal year 2010 funding levels for programs subject to appropriations. The president's 2010 budget request… more
At
a time when low-income students are underrepresented in higher education and
the cost of attendance is becoming increasingly unaffordable, 529s have the
potential to address issues of college readiness, access and completion. College savings can help make higher
education more affordable, and have the potential to change aspirations and
behaviors of both students and their parents.
Research from the asset building field has shown that even a relatively
It is a stark, indisputable fact that many of America's high school graduates are not ready for the rigors of college. Fewer than half of the high school juniors and seniors who took the ACT national college admissions test in 2008 met its college readiness benchmark in mathematics.[1] Of the 40,000 freshmen admitted into the California State University system in 2007, more than 60 percent needed remediation in English or math.[2] Nationwide, nearly a… more
The Hon. William J. Burns, the current Under Secretary of State for Political Affairs and former U.S. Ambassador to Russia, gave the keynote address at
A full transcript of the first panel from New America's April 27 conference on U.S.-Saudi relations, is available below.
* * *
Steve Clemons:
Thank you very much for joining us. My name is Steve Clemons. I direct the American Strategy Program at an institution called the New America Foundation.
On April 1, 2009, the states began to receive education and child care
funds appropriated under the American Recovery and Reinvestment Act
(ARRA, or "the stimulus").[1]
Child care advocates in several states have urged policymakers to use
some of the stimulus funds to launch or expand a statewide Quality
Rating and Improvement System (QRIS) for providers of early childhood
education and care.
When President Clinton signed the Personal Responsibility and Work Opportunity Reconciliation Act of 1996, he changed the moral debate over poverty. No longer could Ronald Reagan's heirs wave help-wanted ads and ask sarcastically why those welfare queens couldn't find a job when there were so many to be had. Now everyone was working, training for a job, or looking for one. It was the law, after all. With benefits now linked to work, progressive politicians could have argued for a… more
Over the past two decades, policymakers, academics, and others have pursued an array of policies and strategies to help lower and middle income households[i] to build savings and assets and access reasonably-priced financial products at mainstream institutions. While some progress has been made, there have been few advances to delivering a high-value, affordable financial product at scale.
